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Enbridge Inc (ENB)
NYSE:ENB
Holding ENB?
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Earnings Data
Report Date
Feb 07, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.51Last Year’s EPS
$0.45Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2024
|% Change Since: 5.05%
|Next Earnings Date:Feb 07, 2025
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook with strong financial performance and successful acquisitions driving growth. There were some operational challenges due to hurricanes and legal issues affecting certain projects, but these were not financially material. Enbridge's strong dividend history and strategic investments in renewables and utilities position the company well for future growth.Company Guidance
In the third quarter 2024 earnings call for Enbridge Inc. (ENB.TO), the management team provided robust guidance, highlighting strong asset utilization and financial performance. The company expects to achieve full-year results near the top end of their EBITDA guidance, driven by high operational efficiency. Despite prefunding utility acquisitions, Enbridge anticipates DCF per share to be near the midpoint of its range. Key metrics include maintaining leverage within a target range of 4.5 to 5x debt-to-EBITDA, $5 billion of secured capital to be placed into service in 2024, and a $7 billion addition to its secured growth program. Enbridge is focused on a 5% annual business growth, supported by stable and growing dividends, as evidenced by 29 consecutive years of dividend increases. The company's strategic investments in renewable power and gas transmission are designed to meet the rising demand for energy, projecting 7% to 9% EBITDA growth in the coming years.Strong Utilization and Financial Performance
Enbridge's assets experienced continued strong utilization across the business, driving solid financial results. The company is well positioned to deliver full-year results near the top end of its EBITDA guidance.
Successful Completion of Key Acquisitions
Enbridge concluded the acquisition of 3 U.S. gas utilities, which fit well with its low-risk business model. The company has returned to an equity self-funded model following these acquisitions.
Significant Growth in Secured Capital Program
Enbridge added $7 billion to its secured growth program in 2024, with $5 billion expected to be placed into service by the end of the year.
Expansion in Renewable Power
The company sanctioned the Sequoia Solar project in Texas, an up to 815-megawatt project backed by long-term PPAs with AT&T and Toyota.
Dividend Aristocrat Status and Financial Discipline
Enbridge has delivered growing dividends for 29 years, with an expected business growth rate of 5% annually.
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ENB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ENB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 01, 2024 | $39.79 | $39.81 | +0.05% |
| Aug 02, 2024 | $36.40 | $36.75 | +0.96% |
| May 10, 2024 | $35.53 | $35.95 | +1.18% |
| Feb 09, 2024 | $32.02 | $31.91 | -0.34% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Enbridge Inc (ENB) report earnings?
Enbridge Inc (ENB) is schdueled to report earning on Feb 07, 2025, TBA Not Confirmed.
What is Enbridge Inc (ENB) earnings time?
Enbridge Inc (ENB) earnings time is at Feb 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ENB EPS forecast?
ENB EPS forecast for the fiscal quarter 2024 (Q4) is $0.51.
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